More USA - Mexico Auto Trade Deal Points

MORE : US Mexico Trade Plan Aimed At Pushing Auto Manufacturing Work Back to Americans - Ok With Us! Includes Accolades From Those Who Really Know

The AIADA online newsletter reported the following:

Canada Rejoins NAFTA Talks as U.S. Autos Tariff Details Emerge
Canada’s top trade negotiator praised Mexico’s trade concessions on autos and labor rights on Tuesday as she rejoined NAFTA talks, while U.S. lawmakers warned that a bilateral U.S.-Mexico trade deal would struggle to win approval in Congress. Canadian Foreign Minister Chrystia Freeland said that Mexico’s “difficult” concessions to the United States on Monday would pave the way for productive talks this week as all three countries race toward a Friday deadline for a deal to modernize the 24-year-old North American Free Trade Agreement.

Source: Reuters

Mexico-U.S. Deal Includes Mexican Auto Export Cap
A proposed U.S.-Mexico trade deal would allow President Donald Trump to slap punitive tariffs of up to 25 percent on imports of Mexican-made cars, sport utility vehicles and auto parts above certain volumes, auto executives and sources said on Tuesday. The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), pressuring Canada to sign up to new auto trade and dispute settlement rules to remain part of the three-way pact.

Source: Reuters